XPO Corporation has a minimum tax credit of $50,250 from 2017. XPO's 2018 tax liability before any MTC carryover is $37,00o. What is XPO's minimum tax credit carryover to 2019, if any?

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is